Thomas Eggar – UK 100

Turnover: £27.05m

Profit per equity partner: £214,000

Equity spread: £110,000-£275,000

Net profit: £7.9m

Profit margin: 29 per cent

Salaried partner remuneration: £50,000-£100,000

Revenue per lawyer: £142,000

Revenue per partner: £475,000

Revenue per equity partner: £731,000

Cost per lawyer: £101,000

Profit per lawyer: £42,000

No of partners: 57

No of equity partners: 37

No of female partners: Nine

No of female equity partners: Three

Total no of fee-earners (including consultants, paralegals etc): 202

Total no of fee-earners (excluding consultants, paralegals etc): 190

Total no of staff: 413

Leverage ratio: 1:3.59

Equity partner to staff ratio: 1:5.7

Fee-earner to staff ratio: 1:1.04

Financial management: The firm’s capitalisation rate stands at 65:35. Capital contributions are £1,400 a point.

Equity structure: Lockstep with 10 per cent bonus pool. The firm is in the process of moving towards a modified lockstep. The equity partnership is set to vote on the new remuneration system by year-end. At present, fixed-share and salaried partners can share in the bonus, with the proportion varying from 10 to 25 per cent. Once voted into the equity, partners can expect to move into full parity within four to six years. A new entrant to the equity starts at 15 points, with the top of equity on 100.

Billable hours targets: 1,500

Key clients: N/A